Lonzim Share Discussion Threads

[hiijinx] 03/9/2009 22:24

Dont suppose this would then qualify for holding in an isa ;-)

[tenapen] 01/9/2009 17:58

According to the Celsey web site they had changed thier Financial year to the 31 August to align thier reporting periods with the holding company Lomzin PLC. Two days late then ?

Any thoughts ?

[don muang] 30/8/2009 13:42

Gov't protects Air Zimbabwe by banning foreign airlines from Zim



This comes at a time when Air Zimbabwe is on the verge of collapse as it is completely broke and is being sued by its workers while facing a US$30 million (about P208 million) debt.

[tenapen] 26/8/2009 19:33

Zimbabwe's Private Airline To Be Launched In October




HARARE - August 25, 2009 - LonZim private limited has announced that
it will launch its "Fly540 Zimbabwe" airline to service both domestic and
regional markets in October.



LonZim Country Manager, Geoff Goss, told a group of investors
attending an investment conference in Harare on Tuesday the company is
expecting to have an operating licence from the Zimbabwean authorities by
mid-October.
"Flights are scheduled to start from late this year. We are hoping
that the airline will deliver affordable air links to key domestic and
regional cities from Harare and will be an integral part of the Fly540
network that will be flying in nine African Countries by the end of this
year," said Goss advising other investors to get into the country and
"invest now".
LonZim is London Stock Exchange listed company and is a subsidiary of
the LonRho Plc which owns the Fly540 airline and has been operating in
Africa to international standards.
Lonrho Plc also owns 24.53% of the issued share capital of Lonzim Plc
"The launch of Fly540 Zimbabwe is central to LonZim's investment strategy of
identifying current market opportunities in Zimbabwe and establishing
companies that will benefit from the economic recovery of the country. You
don't have to wait for the Government of National Unity to resolve their
outstanding issues before you can invest. The time is now," said Goss.
He said the potential aviation market on a domestic and regional basis
is significant and currently underserved.
"For Zimbabwe to re-build its economic base and attract investment it
is essential that it has a first world transport capability. Having observed
the market opportunity for over a year, Fly540 Zimbabwe believes that now is
the right time to commence operations. The 2010 FIFA World Cup soccer finals
in South Africa is a bonus to the airline," added Goss.
LonZim Air, a wholly owned subsidiary of LonZim plc, has invested USd
200,000 in the acquisition of 90% of Zimbabwe company Sol Air (private)
Limited.
A further US$ 4.3 million (resulting from an independent valuation)
will be invested in acquiring an ATR 42 turbo prop from the Lonrho Aviation
fleet, and US$ 2.0 million for the operational costs associated with
commencing operations and a working capital provision of US$ 3.9 million for
the first twelve months.
This capability will be complemented by a freight service. Fly540
Africa will receive US$ 100k to initiate flight operations in Zimbabwe, and
thereafter a license fee of 2.5% of gross turnover and a monthly management
fee of US$ 35,000 for managerial services.
Fly540 Zimbabwe will operate the 'low cost' airline from Harare
International Airport and is scheduled to open flights to Bulawayo and
Victoria Falls on a domestic basis and Lubumbashi, Lilongwe, Lusaka,
and Beira on an international basis.

[tenapen] 24/8/2009 14:49

Posted already CEOHunter, but thanks for taking the time to posting, :cheers:
If your going to the presentation would you please take some notes and let us know what was said. Thanks.

The British government offical to Zimbabwe was on radio 4 'World at One' talking about the progress that as been make in the country since the power sharing Government came to power in Feb.

Im looking forward to the results this week.

[ceohunter] 24/8/2009 14:01

The directors of Toro Energy Limited (ASX: TOE), Metals Exploration (AIM: MTL), LonZim PLC (AIM: LZM) and Horizonte Minerals (AIM: HZM) will be presenting:

Tuesday the 8th September 2009
Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

The presentations will start at 6:00pm and finish at 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

[ecohouse] 14/8/2009 10:28

African Copper (ACU) turning around and worth a look:

[tenapen] 01/8/2009 09:19

Another Zimbabwe / SADC investment companys take on the present investment situation in Zimbabwe.





ZIMNRG PLC

THE REPORT OF THE DIRECTORS

YEAR ENDED 28 FEBRUARY 2009



The Directors present their report and the financial statements of the company for the year ended 28 February 2009.
Cont...
Your Directors have continued to explore possible investments in the mining and energy sectors primarily in Zimbabwe and
also in surrounding Southern African Development Community ("SADC") countries.

Conditions in our preferred geographic target of Zimbabwe continue to be extremely fragile, there are however encouraging
signs from the World Bank group and other international donors/investors which however, have yet to show results. Your
Board continues to regard Zimbabwe as providing excellent investment opportunities when the time is right, and will
maintain their strategy of conserving the company's resources until that time which they consider is showing signs of
swiftly approaching. Members of your board visited sub-saharan Africa approximately 8 times during the year on
ZimNRG business.
Cont.....


Posted for information only
I do not hold ZIMNRG and would not advise others to buy a plus qouted stock. The market (lol) is very illiquid and it may be hard to sell your shares let alone get a fair price for them, as i am finding with 4 stocks i own on PQ.

Regards.

[thanksamillion] 30/7/2009 16:48

EGM statement

RNS Number : 6061W
LonZim PLC
30 July 2009



30 July 2009

LonZim Plc
('LonZim' or the 'Company')

LonZim decisively wins EGM battle and defeats corporate raider AMB Capital

LonZim (AIM:LZM) the investment company created to support and benefit from economic recovery in Zimbabwe is pleased to announce that at today's Extraordinary General Meeting, that had been requisitioned by hostile shareholder AMB Capital, all of the proposed hostile resolutions were defeated.

AMB Capital had called the EGM to replace the existing executive directors of the Company and change the Company's mandate from one of investment in Zimbabwe to one of disinvestment and the return of Company funds to shareholders.

In a strong vote of confidence in the Company, its Directors and its objectives, a significant majority of shareholders voted to support the existing Board and maintain the Company's current investment mandate to develop a business portfolio in Zimbabwe.

David Lenigas, LonZim Executive Chairman, commented:

'We are extremely pleased with the result of today's EGM. An overwhelming majority of our shareholders voted against the proposals requisitioned by corporate raider AMB Capital, demonstrating their support for the Directors, the Company, and the future of Zimbabwe. Shareholder confidence is essential and with the significant support demonstrated at the EGM, LonZim can continue to developing its growing businesses in Zimbabwe.

'LonZim is building a strong portfolio of businesses in the industry sectors that that the Company believes will be the first to recover in Zimbabwe. We believe that the Company's current investments will deliver significant value for both LonZim's shareholders and Zimbabwe.

'We are now experiencing positive signs of the beginning of a recovery in Zimbabwe. The IMF has forecast 3% to 3.7% real GDP growth for Zimbabwe for 2009, the first positive GDP figure since 1997. We will continue to seek and evaluate new opportunities in this opportune market.'

Enquiries
LonZim Plc

[phone]
David Lenigas, Executive Chairman
[phone]
Geoffrey White, Chief Executive Officer
[phone]


WH Ireland Ltd: NOMAD and Broker

James Joyce
[phone]
Philip Haydn-Slater (Broker)




Pelham

Charles Vivian
[phone]

[phone]

James MacFarlane
[phone]

[phone]





This information is provided by RNS
The company news service from the London Stock Exchange

END


EGMSDSFISSUSELW

[tenapen] 24/7/2009 19:13

Thanks Andy.

Always in London :-( . Or well lets hope someone attends and posts regarding what was said.

regards.

[andy] 24/7/2009 15:51

A date for your diary!

Proactive Investors One2One Forums

The directors of LonZim PLC (AIM: LZM), Toro Energy Limited (ASX: TOE), and Metals Exploration (AIM: MTL) will be presenting:

Tuesday the 8th September 2009
Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

The presentations will start at 6:00pm and finish at 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception. Details on the presenting companies can be found below.


Register Here :



If you have any problems registering or queries please email [e-mail]


Toro Energy Limited (ASX:TOE)
Toro Energy Limited is one of Australia’s largest (by market capitalisation) emerging uranium exploration and development companies. It has the financial and technical resources to discover and/or acquire uranium projects and bring them to production in a socially and environmentally responsible manner.

Metals Exploration (AIM:MTL)
Metals Exploration Plc's primary objective is to discover and develop high value mineral resources within the Southeast Asia - Pacific region with particular emphasis on the Philippines. The Company is focused on increasing shareholder value through the acquisition, development and production from mineral resources, particularly gold, base metals and nickel. A team of well qualified directors with a mix of complimentary skills and experience makes Metals Exploration a versatile explorer with a current portfolio of outstanding gold, base metals, and nickel projects. The Company has an aggressive strategy of reviewing opportunities as they arise with the aim of expanding and adding to its existing projects and resource base.

LonZim PLC (AIM:LZM)
LonZim Plc (LonZim) is an investment company with a diverse portfolio of investments in Zimbabwe and the Beira Corridor in Mozambique. The Company’s investment objective is to provide shareholders with long-term capital opportunities through the investment of its capital in Zimbabwe and the Beira Corridor. The Company may make investments in the tourism, accommodation, infrastructure, transport, commercial and residential property, technology, communications, manufacturing, retail, services, leisure, agricultural and natural resources sectors.

[tenapen] 21/7/2009 16:21

I hope LZM are not one of them, knitcraft.

[knitcraft] 21/7/2009 09:05

21.07.09, 09:55

Jewelry Biz-News quotes Zimbabwean Mines and Mining Development
minister, Obert Mpofu, as saying that the country's government is in the
midst of negotiations with several investors who have expressed an interest
in mining diamonds at the Marange diamond fields. The minister said that
their names will be announced as soon as a deal is closed.

Minister Mpofu noted: "We are talking to quite a number of
people whom we want to engage as diamond mining partners." Mpofu refrained
from divulging the names of the potential diamond investors.

[tenapen] 16/7/2009 18:48

cheers.

I got my top-up. 700 & 36.5p instead of the 1k at 33p i did not get yesterday.


Just noticed
that on the 14 July there was 3 x 48,450 blocks of shares traded
.and Today the 16 July we had 2 x 48,454 blocks of shares traded

interesting .... or not as the case may be ;-)

[thanksamillion] 16/7/2009 17:28

Zimbabwe growth forecast at 3.7%

[thanksamillion] 15/7/2009 20:58

Since Oct 08 the share price has been under 40p for a company largely (q4 2008 anyway) still holding much of the funds gathered at £1 / share.

For any shares bought since Oct 08 the assets have been bought at less than half price, in a country where assets are priced ridiculously low in the first place.

I am convienenently ignoring the risk factor I know, but risk is why the share price is so low in the first place.

The purchase price was 30.5p vs current price of 36p, and took 4.3m loose shares of the market. It could be argued that these represented a risk that someone else could aquire them and distract the managment with another unwanted episode, so better to take them off the table and get on with the job LONZIM was after all set up to do. As shareholders we have a holding in the company that has increased in percentage terms by 10% in return for a reduction in cash of 1.2m. This cash however is only valued at £0.5m, based on the share price since Oct, of 35p.

So 32m shares theoretically had a 10% increase from 36p to 39.6p or a £1.15m increase, in return for a rough spend of 1.2m which has been valued by post Oct share price at £0.48m.

Plus 240% on 10% of your LONZIM holding or 24% on the whole, my friends. At some point in time this will be reflected in the share price

Please feel free to check my figures/logic.

[tenapen] 15/7/2009 20:38

Markspeed,
Im guessing that AMB informed LZM that they were giving up or failed in their e tempt to force a vote of no confidence ! and as a parting shot they were going to dump c13% of their holdings. Good management from LZM to take the shares and a show of strength, IMO.

I had put in a buy order this AM as i expected a sharp drop on the opening bell, not filled :-(.

regards.

[markspeed] 15/7/2009 13:34

Well, today's announcement solves last night's mystery sell. Anyone care to comment as to whether this was a good use of company funds? I'm worried the money could have been better spent elsewhere.

[thanksamillion] 15/7/2009 13:31

Most bought by LONZIM today and cancelled, so we all now own a larger percentage of LONZIM than we did yesterday AND the price goes up.

I like the imaginative thinking of the Board.

Pesumably this mean the EGM is a waste of time now, vexatious was how the Board described it.

[tenapen] 14/7/2009 20:02

WOW, a large sell ! before the closing bell today.

4,700,000 @ 30.5p = c13% of the share capital.

It will be interesting to see who sold but even at a discounted price of 30.5p the MMs seem happy to take them, also Interesting to see who bought them.

Also,
A lot of volatility with the Celsey of late which is a good sign IMO.
Back to USc.0.3

The Celsey CEO's blog as been updated 9/7/09. He gives nothing away but worth a read if your bored ;-)

[tenapen] 12/7/2009 20:02

Zimbabwe stable, says Mutambara

Herald Reporters

THE Zimbabwe International Investment Conference ended in Harare yesterday with Deputy Prime Minister Arthur Mutambara assuring investors of political stability in the country during and after the tenure of the inclusive Government.
Cont...

"After the constitutional review process, the principals would then meet to decide if there is need to go for elections but I do not see us going for elections in the five years as long as things are going well for the country," he said.

His remarks follow assurances by President Mugabe on Thursday that the conference should project Zimbabwe as a conducive investment destination in sub-Saharan Africa.

In an earlier interview, Deputy PM Mutambara hailed the convening of the conference that had shown the world the direction the country was taking.

"What we have managed to showcase is on the way we are conducting our programmes and that is the 'Team Zimbabwe' approach."
Cont...

Deputy PM Khupe said the economic development being experienced since the formation of the inclusive Government also indicated that Zimbabwe was ready to do business with the world.
Cont...

Minister Mangoma said there has been a clear and consistent message from President Mugabe, PM Tsvangirai and Deputy PM Mutambara that they wanted the economy to move with Government playing a facilitatory role.

He said the country's investment policies were robust and ranked among the best in the world for anyone who wanted to do business in Zimbabwe. Minister Mangoma said the conference fundamentally changed the outside world's perceptions on the country and the way Zimbabweans viewed themselves.

He described the inclusive Government as a team "that will speak with one voice and in one direction".

More than 400 local and international investors took part in the conference held under the auspices of the Short-Term Emergency Recovery Programme and the 100-day Action Plan that is expected to turn around the country's economy.
END

[tenapen] 03/7/2009 17:42

lol

You tell them,

Have a good weekend.

[thanksamillion] 03/7/2009 13:23

Above out of date news

Damille Partners IV have sold its holding and withdrawn from Directorship attempt.

You would think these press "financial experts" would take the trouble to read the latest RNS's before embarasing themselves.